Plus500 Review

Based in London the financial capital of Europe, Plus500 is an international online forex and CFDs broker. Listed on the London Stock Exchange AIM, the company operates its business operations under 3 different subsidiaries with Plus500UK Ltd covering the UK market, Plus500AU Pty Ltd in Australia and Plus500CY Ltd for Europe. As such, the broker is regulated under the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

Plus500 Webtrader

The powerful and advanced Plus500 WebTrader is a web based proprietary platform. It requires no download and can be used online from any computer. It is so easy to navigate and use, that you can basically execute any order with just 3 clicks. It has real time charts and analysis tools and risk management capabilities and offers both demo and real money modes.

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Mobile Platforms

The Plus 500 app is available for Android, iOs and Windows phone users. The app offers the same functionalities and high quality as the Webtrader, plus the additional comfort of trading on the go.

Assets & Product Offerings

With the Plus500.co.uk CFD service, traders can trade in than 2000 assets covering 20 global markets. Assets available for trading include more than 50 different currency pairs, hundreds of shares, commodities, indices, options and EFTs.

Trading Accounts

Only one type of account is available for real money trading. To open a live trading account a minimum deposit of $100 is required. For those who want to try out the trading platform without committing any real money, they can also open an unlimited demo account with this broker.

Registration Process

The account registration process is a simple one. Traders have to first choose between a real money account and a demo account. If they choose the demo account, they simply click on the “Demo Mode” and they will be taken to a different screen where they will be required to fill in their details. The process is the same for a real money account except that traders have to provide more details concerning their address and financial details.

Spreads & Leverage Ratios

Spread and leverage are extremely important. The spreads determine the costs of the trading activity and the leverage the overall scope of this activity. The spreads and leverage ratio at Plus500 depend on the type of assets traded. Nevertheless, this broker is well known among the online trading community for providing competitive spreads. For example, the spread on the EUR/USD currency pair starts at a minimum of 2 pips. As for the leverage ratio, it ranges from 20:1 to 200:1 depending on the type of assets.

Bonuses & Promotion

Bonuses are always appreciated by traders. As for the bonuses offered by Plus 500, they vary from time to time and this actually helps to keep things interesting. At present there is a free £20 no deposit bonus for traders that open a new account. In addition, there is also a deposit bonus. The amount of bonus depends on the amount deposited by the trader. It’s important to read the terms and conditions of each bonus, because bonuses come with strict limitations on their use and withdrawal.

Payment Methods

Deposit and Payments can be made through major credit cards such as Visa or MasterCard, Wire transfers, Paypal and Skrill (Moneybookers).

Customer Support

This Plus500 review will not be complete without referring the operator’s customer service. The website and its help section are available in more than 2 dozen different languages. Communication with the support team can be done through email, fax or live chat. Unfortunately, there is no telephone support available at the present time.

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